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• Operations Summary PAD ZOOMABLE IRISH CONCESSIONS MAP Upstreamonline ARDMORE ► BARRYROE ► BURREN ► CAMA ► CUCHULAIN ► DRAGON ► DROMBEG ► DUNMORE ► DUNQUIN ► HELVICK ► HOOK HEAD ► KISH BANK ► NEMO ► NEWGRANGE ► ORPHEUS ► PEGASUS ► POLARIS ► SILVERBACK ► SPANISH POINT ► SPANISH POINT SOUTH ►

hermana,i think someone or some-ones has been off-loading at an agreed price into the recent news ie shares/ic.we will see over the next few days if any delayed sell trades are reported.
what i find strange is the poor volume in dublin,which normally drives the sp.
still very positive on pvr,would like more clarity on pertrolia and drilling dates.
will see what the next few days bring.(no advice intended)

winner - if Petrolia picks her skirts up and gets mobilised, the thought occurs to me she could drop anchor at Hook Head first if approaching via the Western Isles and then down though the Irish Sea. Of course, if she comes via Dover, the IOG prospects come up first, but then again, the next port of call is GOMexico. Then, of course, funding issues raised elsewhere may have a bearing on my line of thinking which is probably wrong anyhow.

it all becomes clear with todays news what happened yeasterday!another 360,000,000 shares added to dilute pvr a bit more.
one hopes the placing is used to "fast track"production within a reasonable time scale certainly not to our usuall time frames.
any one know which institutions have bought in.

oilwatch,no funds problems here!

it was a choice between pvr and tomco yeasterday to top up!i choose pvr ouch!well saying that with funding not a problem now(was it a problem in the first place)and with the seal of approval of the institutions and as long as management choose wisely we should see some sustainable upwards sp movement.spanish point,westlennox news next please pvr board.

winner,expect PVR to increase Aje stake soon,imho.

herm i hope they do and at a very good rate.2.4 billion shares in circulation time for consolidation?

herm i really hope pvr takes of, after all the private investors bought in yeasterday.mainly due to ic and share mag recs.
looking back it was obvious something was up,the iex trading or lack of it spoke volumes.

Tipped as a BUY in todays MoneyWeek as a co. with an active exploration programme,good cash flow/management. Cenkos puts a 17p target for PVR.

Anybody think PVR will bid for PRE Gulf of Mexico assets?

herm depends on the cost!but would minimize exposure to riskier drilling.

looks like sp going down to placing price,we need oil and lots of it to move this sp northwards.Its all very well bringing out news releases!but production is king.
There has been talk of just one drill in july and maybe aje later this year!but troubles in nigeria could scupper that latter plan.

directors exercising options should be good news!now just the 2,500,000,000 shares in issue.will there be more dilution?

a few whopper BUYS today on aim.....

and the sp is down.
large overhang to be cleared before sp heading north i expect.

another director sells, not a good sign.

From yesterdays' Sunday Independent.

Ireland on the verge of an oil and gas bonanza



Oil: risky business
Sunday May 20 2007

THE property boom might be over, but Ireland could be on the verge of an oil and gas boom to rival the concrete economy of the last tenyears.

According to the Petroleum Affairs Division of the Department of Communications, Marine and Natural Resources, there is at least 10 billion barrels of oil lying off the west coast Ireland - which has a current value of 450bn (50 a barrel).

Added to gas supplies, energy exports have the potential to transform Ireland into a new Middle East.

"A recent regional assessment estimated resources in the Porcupine and Rockall Basins at ten billion barrels of oil. Estimates are based on comparisons with the geology of other regions with proven success," explained Helen Chandler, spokesperson for the Department of Communications, Marine and Natural Resources.

In a recently publishedscientific report by thePetroleum Affairs Division,entitled Atlantic Ireland, it stated: "The potential shows volumes of over 130 billion barrels of oil and 50 trillion cubic feet of gas."

Most of these deposits have been pinpointed along anunderwater ridge known as the Atlantic Margin which runs parallel to the west coast of Ireland in a more or less straight line before arcing off towards Scotland and the North Sea onwards towardsScandinavia.

To date, the Atlantic Ridge hasn't let anyone down. The Dunquin gas field which is 200km off the coast of Kerry contains an astonishing 25 trillion cubic feet of natural gas and 4,130 million barrels of oil.

Put into context, this alone would meet our gas needs - at present consumption levels - for the next 62 years.

The Dunquin field is being principally developed by Exxon Mobil: "With Dunquin we are planning to drill wells next year and 2009. It is deep water, and as a rule of thumb, it takes about five years to get a field into production, so we are looking at 2013 to 2015.

"The gas will be brought ashore in a pipeline and the oil tankered away," explained John O'Sullivan, Exploration Manager with ProvidenceResources, who have a stake in Dunquin and fields off the coast of Clare.

Further up the coast is the Spanish Point field, which is 200km off the coast of Clare. The field has known reserves of one and a quarter trillion cubic feet of gas and 206million barrels of oil, and is valued at 19.6bn.

"At Spanish Point we are looking at drilling wells next year and looking at production in that field in 2011,"explained John O'Sullivan.

Further North lies Corrib, County Mayo, which has an estimated value of anywhere between 8bn to 87bn. The field, which has been the scene of much controversy, is being developed by Shell, Marathon and Statoil which is owned by the Norwegian government.

Inland lies the Lough Allen

PVR 2007 Annual Report available online at www.providenceresources.com and look under financials.

From Charles Stanley Stockbrokers May newsletter. Recommendation of PVR.

with increased production on the horizon and considerable exploration potential we see significant future upside in the stock. buy.

Is 50 day drilling programme starting aug.07,remind us what arepvr drilling for specifically,hope it is not a hit/miss approach,any info